Carnival (Carnival) Receivables Turnover : 9.01 (As of Feb. 2024)

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What is Carnival Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Carnival's Revenue for the three months ended in Feb. 2024 was $5,407 Mil. Carnival's average Accounts Receivable for the three months ended in Feb. 2024 was $600 Mil. Hence, Carnival's Receivables Turnover for the three months ended in Feb. 2024 was 9.01.

Carnival Receivables Turnover Historical Data

The historical data trend for Carnival's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Carnival Receivables Turnover Chart

Carnival Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Receivables Turnover

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51.93

15.60

7.35

37.97

45.41

Carnival Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															9.75	10.20	14.68	10.37	9.01

Competitive Comparison of Carnival's Receivables Turnover

For the Leisure subindustry, Carnival's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Carnival's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Carnival's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Carnival's Receivables Turnover falls into.

Carnival Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Carnival's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Receivables Turnover (A: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2023 )	/ (	(Accounts Receivable (A: Nov. 2022 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )
=	21593	/ (	(395	+	556)	/	2 )
=	21593	/	475.5
=	45.41

Carnival's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	5407	/ (	(556	+	644)	/	2 )
=	5407	/	600
=	9.01

Carnival (OTCPK:CUKPF) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Carnival Receivables Turnover Related Terms

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Carnival (Carnival) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Carnival PLC (OTCPK:CUKPF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CUK:USA CCL:Mexico CCLl:UK CCL:UK POH1:Germany

Address

Carnival House, 100 Harbour Parade, Southampton, Hampshire, GBR, S015 1ST

Website

https://www.carnivalplc.com

Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe; and P&O Cruises in Australia. Carnival also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to COVID-19, a level it has reached again in 2023.